The stock of HORIZONS MANAGED MA MOMENTUM ETF (TSE:HMA) gapped down by $0.09 today and has $8.19 target or 13.00% below today’s $9.41 share price. The 8 months technical chart setup indicates high risk for the $7.50 million company. The gap down was reported on Nov, 4 by Barchart.com. If the $8.19 price target is reached, the company will be worth $975,000 less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 73,540 shares traded hands or 10635.77% up from the average. HORIZONS MANAGED MA MOMENTUM ETF (TSE:HMA) has risen 1.71% since March 31, 2016 and is uptrending. It has outperformed by 0.62% the S&P500.

More notable recent HORIZONS MANAGED MA MOMENTUM ETF (TSE:HMA) news were published by: Reuters.com which released: “Does your mutual fund invest in stocks of gun and ammo makers?” on February 05, 2016, also Seekingalpha.com with their article: “Mimic Hedge Fund Returns With These ETFs and Mutual Funds” published on December 14, 2010, Zacks.com published: “Xerox to Accelerate Adoption of Process Automation Tools” on June 01, 2015. More interesting news about HORIZONS MANAGED MA MOMENTUM ETF (TSE:HMA) were released by: Zacks.com and their article: “Does it quot;Suitquot; Vanguard to be Under Fire for Charging Less?” published on December 11, 2015 as well as Barrons.com‘s news article titled: “5 Dividend-Rich Stocks to Hold for the Long Term” with publication date: August 23, 2016.